Wang Zongnan'S "Positive And Negative Side" Traces Back To Bailian'S "Iron Wrist" Reform

< p > July 28th, the Shanghai procuratorial system announced that Wang Zongnan, the former chairman of Shanghai Guangming Food Group Co., was arrested on suspicion of embezzlement of public funds and bribes during the tenure of friendship (Group) Limited and Lianhua Supermarket Limited by Share Ltd. He was put on file for investigation by the second branch of Shanghai people's Procuratorate on the 27 day.

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< p > this is not the first time that Wang Zongnan has come out of the storm of investigation. However, this was not true before. Wang Zongnan also succeeded in leaving the position of chairman of Guangming Food Group in November 27, 2013 because of physical reasons. It was once regarded as the symbol of the local state assets system cadre finally "safe crossing the port" and leaving the front line.

Today, it happened because of bribery in the Bailian period more than eight years ago.

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< p > "Wang Zongnan Lianhua and friendship" has not been released more details in the old case, but during this period, a series of economic problems such as "Li Ding Wo" exposed by Lianhua executives and the Lianhua supermarket staff supervisor's road book were investigated by the SASAC and so on. During this period, Wang Zongnan's bribery case is likely to be closely related to Bailian's restructuring and listing of subsidiaries. "MBO

An industry insider close to Bailian Group said.

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< p > < strong > < a > href= > http:// > www.91se91.com/news/index_c.asp > Bailian /a > old Shuo < /strong > /p >

< p > Wang Zongnan, who is a strong reformist in Bailian and Guangming, each reform touches many interest groups.

Inside the old state-owned enterprises, almost every executive has an "impossible secret". Wang Zongnan's sacking is not ruled out by internal reports.

Insiders mentioned above.

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In the Bailian system, the "four in one" restructuring of the four state-owned retail groups of friendship group, one hundred group, Hualian Group and Shanghai material (Group) Corporation, and the Lianhua supermarket and friendship shares were listed respectively, which has aroused a considerable wave of irregularities in the past four years.

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< p > by the end of 2001, Lianhua Supermarket Service Co., Ltd. was restructured on the eve of a joint stock company. A company named Shanghai Li Ding Investment Limited was quietly established.

The company's three original natural shareholders are the middle managers of Lianhua supermarket system.

Two years later, Li Ding increased its capital and expanded shares, and registered capital increased from 30 million to 60 million. The three middle-level Lianhua middle level who had paid middle salaries respectively raised 10 million yuan to increase their capital.

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< p > not only that, but when Lianhua supermarket was listed in Hongkong in June 2003, as the fifth largest shareholder and 2.94% stake in Lianhua supermarket, Shanghai tripod tripping in succession was hit by "long term loans" and "short-term loans" subjects, and 140 million yuan "other payments" also had obvious discrepancy with the main business of the company itself.

Lianhua supermarket has also been involved in deeper doubts.

During these events, Wang Zongnan, who was the head of Lianhua supermarket, was the decision-maker who urged the company to accelerate the landing of capital market and enlarge the industrial plate.

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At the beginning of the listing of Lianhua supermarket, Wang Zongnan once said to P: "Lianhua is in a critical period of rapid development.

At present, the retail industry is totally open to foreign investment. Only in the last few years, we need to strive for the last time to accelerate development.

The expansion of Lianhua requires that several shareholders of the company continue to invest more in Lianhua "/p".

< p > "now it seems that in the period of the rapid development of Lianhua and friendship, Wang Zongnan seems to have used very special means in the" extraordinary period ".

While the top leaders of state-owned enterprises are high in weight, there is still a clear gap between salaries and well-known foreign enterprises and management of private enterprises. Under all kinds of incentives, the emergence of economic problems is not surprising.

The industry insiders said.

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< p > in fact, a href= "http:// www.91se91.com/news/index_c.asp" > Lianhua MBO < /a > Wo once involved Wang Zongnan in it.

In December 2013, Bailian Group and Shanghai Lianhua Supermarket Limited by Share Ltd chief financial officer and others had been taken away by the Discipline Inspection Commission for economic reasons. Before and after this, Wang Zongnan also announced that he resigned from Guangming.

Although the outside world has two associations Lenovo, other companies have denied this hearsay.

However, at that time, the head of the Bailian Group propaganda department once responded to the media that the investigation of Lianhua supermarket would expand from the direction of Shanghai Li Ding Investment Limited company.

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< p > < strong > the former state-owned asset innovator < /strong > < /p >.

< p > although today's "a href=" http:// "www.91se91.com/news/index_c.asp" > Wang Zongnan < /a > is in the form of "late in the night" in the form of state curtain, but in the industry and its working group, Wang Zongnan's bold and innovative work attitude is still known by people.

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Wang Zongnan, born in Shanghai in 1955, has a master's degree and a senior economist title. He has considerable resources in the two circles of politics and commerce. This has laid a solid foundation for his important position in Shanghai's large state-owned P group.

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< p > before Wang Zongnan entered the business world at the age of forty, Wang Zongnan served as vice minister of the Organization Department of Shanghai Huangpu District Committee, director of the finance and Trade Office of Huangpu, assistant head of Huangpu district and deputy district head.

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< p > 1995, Wang Zongnan "voluntarily proposed to his superiors to work in Shanghai's internal and external integrated commercial office (General Manager)". After changing from the role of politics to business, Wang Zongnan began his career as general manager of Lianhua supermarket, a subsidiary company of the business association, and also opened the career of the head of his state-owned enterprise.

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< p > "as a platform for Shanghai's commercial aircraft carrier class, the Bailian Group, which was founded by Wang Zongnan during the operation period, has created the first place in many local retail businesses. Lianhua supermarket has turned its losses into a big expansion, as well as friendship shares and Lianhua supermarket have landed in Shanghai and Hong Kong two cities, all of which are highlights of their resume.

In 2006, when Wang Zongnan left Bailian for light, the management of Bailian Group entered a period of frequent change, and the expansion momentum also contracted significantly.

Insiders mentioned above.

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During the seven years of ~2013 in 2006, Wang Zongnan also experienced a series of major turns, including the establishment of Guangming Food Group, the reform of state owned assets and the international merger and acquisition. P

Led by Wang Zongnan, chairman and Secretary of the Party committee of Guangming Food Group Co., Ltd., the sales volume of Guangming Food Group doubled from 65 billion 900 million yuan in 2006 to 139 billion 300 million yuan in 2012.

Guangming Food Group, which covers the dairy industry, sugar industry, wine industry, comprehensive food manufacturing industry and brand agency industry, has only exceeded 16 billion 200 million yuan in 2013 when Wang Zongnan left office.

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< p > in the last few years of his career, Wang Zongnan's claim that he suffered from hematological malignancies has been circulating in the industry. His poor health condition has finally become the official explanation of the resignation of Guangming Food chief.

A senior executive of the state owned assets system in Shanghai told the twenty-first Century economic report that after nearly a year of Wang Zongnan's resignation due to illness, he suddenly got caught because of economic problems.

The good performance of Bailian and Guangming group and the origin of the administrative departments have always been Wang Zongnan's "amulet", which has successfully ensured its smooth abdication.

But now the old matter has been mentioned again and put on record qualitatively, and after a thorough investigation, it seems that the signal of rectification of state assets in Shanghai has also been released.

The executive bluntly said.

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